Tesla said Monday that a $23 million bitcoin-related impairment caused some drag on its quarterly operating income. The electric auto company only referred to bitcoin or crypto one time in its second-quarter announcement, after CEO Elon Musk went back and forth on whether Tesla would accept the digital currency for vehicle purchases. The subject didn’t […]
After a sell-off last week, bitcoin, the largest cryptocurrency by market value, began to rally over the weekend. Its price topped $40,000 for the first time since June on Monday, and is currently trading at around $40,200 as of 3:35 p.m. EST. Other cryptocurrencies, like ether, are also surging. The entire cryptocurrency market added more […]
Bitcoin surged Sunday evening topping $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off. The cryptocurrency was trading at around $38,059.84 at 11:05 p.m. ET, according to CoinDesk data, up nearly 11% from the same time 24-hours prior. Bitcoin had previously hit a 24-hour high of $39,544.29, the highest […]
Bitcoin briefly traded above $39,000 for the first time since June 16 and is currently trading its sixth consecutive day in the green. Prices have continued to rally since July 21 with Sunday’s current price rise representing the largest single daily gain in over six weeks. The world’s oldest crypto is changing hands for around […]
Given worries of a resurging COVID-19 threat, rising inflation, and stretched valuations have combined to make investors nervous about the stock market. The ugly reality is that the next stock market crash is inevitable — the only real question is when that crash will happen. Fortunately, market crashes are nothing new. Their history provides a […]
Some of the assets most exposed to fears around the spread of the delta variant are luring traders with tempting signals of strength and stability. Emerging-market corporate earnings have outpaced estimates for the first time in 30 months amid an economic rebound in developing nations. Meanwhile, MSCI’s index of emerging currencies and stocks both remain […]
What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of […]
Every once in a while a job posting will kick off a flurry of rumors in the crypto space, as industry watchers want to know whether a new mega corporation such as Apple or Facebook is set to adopt cryptocurrency payments. That happened today with Amazon, which recently listed a job posting for a Digital […]
Bitcoin is king — it is still the best performing asset of our lives. It has silenced its harshest critics and only continued to grow in adoption, usability and relevance. The fact that bitcoin has achieved all this in only 12 years is remarkable. However, there is a very real specter that has been haunting […]
New financial services built on cryptocurrency are offering consumers the ability to borrow and trade billions of dollars without the oversight of bankers or their regulators. Washington is now scrambling to catch up, amid concerns of illegal activity and mounting consumer risks. Decentralized finance, or DeFi, operates on technology that powers digital currencies like Bitcoin […]
Stock Markets Although the stock market suffered a deep sell-off registering as a 700-point drop in the Dow on Monday, it rebounded on Tuesday and the rest of the week to end higher than last week’s close. The rally was concentrated mostly in the technology and internet-related companies known as the FANG+ stocks, referring to […]
Here comes one of the biggest market weeks of the summer. First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond program. That could move the markets since the tapering of the central bank’s bond purchases is […]
